NBAA’s Houston Regional Forum will bring current and prospective business aircraft owners, operators, manufacturers, customers and other industry personnel together for a one-day event on March 14, 2019, at William P. Hobby Airport (HOU).

This is a can’t-miss event that will help you elevate the safety, security and service aspects of your operations. Through interactive education sessions and critical peer-to-peer networking, you’ll walk away from this three-day event with immediate actionable items to take back to your team.

Prepare for take off at NBAA’s Maintenance Conference in Fort Worth, TX from May 7 to 9, 2019. From education led by industry experts to critical peer-to-peer networking, this conference is the best place for event for ALL maintenance professionals, from directors of maintenance to maintenance technicians, to learn current best practices.

The 2019 PDP Course: Dynamics of Empowered Leadership will add a variety of tools to your toolbox: an understanding of interpersonal interactions along with a variety of methods to mentor, capitalize on group dynamics, maximize performance, assess the ethics of actions, and communicate clearly to everyone with whom you interact.

NBAA’s White Plains Regional Forum will bring current and prospective business aircraft owners, operators, manufacturers, customers and other industry personnel together for a one-day event on June 6, 2019 at Westchester County Airport (HPN).

Join us at NBAA’s 2019 Security Conference, where you can raise the level of best practices for business aviation security through scenario-based problem solving and provide real-life content from experienced operators and security experts.

The 2019 NBAA PDP Course – Leadership for Aviation Professionals™ – is an intensive exploration of proven techniques for better leadership in aviation. Designed specifically for aviation professionals, it is an opportunity for supervisors and managers in the aviation business to learn the skills and techniques that will make them more effective in this demanding environment.

The 2019 Practical Aviation Risk Management course is designed for students to use the theory of individual human performance (human factors) to develop methods to achieve practical risk awareness, risk identification and risk management.

This 2019 workshop is a thorough investigation into different types of resource management in aviation – CRM, MRM, DRM and ORM. Participants will compare and contrast the needs and requirements of the different types. Hands-on scenarios, activities and case studies will bring out real life situational challenges for participants to work through and understand.

This 2019 Cybersecurity Risk Management For Flight Departments course covers the basics of aircraft connectivity and networking, including an overview of how ground-based networks interface with aircraft networking; cybersecurity risks and challenges specific to the aviation context; and an overview of regulations and laws related to privacy and cybersecurity.

The 2019 Organizational Risk Management course on organizational risk management will prepare participants to better understand and respond to risks, mitigate risk exposure through common established frameworks, more fully integrate the business aircraft operation into the company’s risk management strategy, and apply competencies at the enterprise level.

Ranked in the top ten largest trade shows in the United States, 2019 NBAA Business Aviation Convention & Exhibition will bring together current and prospective aircraft owners, manufacturers and customers into one meeting place to get critical work accomplished.

Expand your leadership skills at the 2020 Leadership Conference, held Feb. 24-26 in Orlando. Offering two days of captivating sessions and numerous networking opportunities, you are sure to be inspired and ready to succeed.

Whether you plan to stay up-to-date on the latest operational information critical to your job function or discover a new vendor or supplier in the growing exhibit hall, you’ll want to make plans to attend SDC2020.

From regional reviews to customs updates, the 2020 International Operators Conference is the best opportunity to stay up to date on the critical information you need to do your job as safely and securely as possible.

This is a can’t-miss event that will help you elevate the safety, security and service aspects of your operations. Through interactive education sessions and critical peer-to-peer networking, you’ll walk away from this three-day event with immediate actionable items to take back to your team.

From education led by industry experts to critical peer-to-peer networking, NBAA’s Maintenance Conference held in Hartford, CT from May 5 to 7, 2019, is the best place for event for ALL maintenance professionals, from directors of maintenance to maintenance technicians, to learn current best practices.

2020 EBACE International Aircraft Transactions Seminar [event-description-callout]COMING SOON: Information for the 2020 EBACE International Aircraft Transactions Seminar will be available soon. Check back in the...

2020 European Business Aviation Convention & Exhibition (EBACE2020) [event-description-callout]COMING SOON: Information for the 2020 European Business Aviation Convention & Exhibition will be available soon. Check...

Ranked as the third largest trade show in the United States, NBAA-BACE will bring together current and prospective aircraft owners, manufacturers and customers into one meeting place to get critical work accomplished.

Thousands of business leaders, government officials, manufacturers, flight department personnel and all manner of people involved in nearly every aspect of business aviation will meet to conduct business and make buying decisions for the year ahead.

Prepare for take off at NBAA’s Maintenance Conference in Fort Worth, TX from May 7 to 9, 2019. From education led by industry experts to critical peer-to-peer networking, this conference is the best place for event for ALL maintenance professionals, from directors of maintenance to maintenance technicians, to learn current best practices.

This is a can’t-miss event that will help you elevate the safety, security and service aspects of your operations. Through interactive education sessions and critical peer-to-peer networking, you’ll walk away from this three-day event with immediate actionable items to take back to your team.

Join us at NBAA’s 2019 Security Conference, where you can raise the level of best practices for business aviation security through scenario-based problem solving and provide real-life content from experienced operators and security experts.

Expand your leadership skills at the 2020 Leadership Conference, held Feb. 24-26 in Orlando. Offering two days of captivating sessions and numerous networking opportunities, you are sure to be inspired and ready to succeed.

Whether you plan to stay up-to-date on the latest operational information critical to your job function or discover a new vendor or supplier in the growing exhibit hall, you’ll want to make plans to attend SDC2020.

From regional reviews to customs updates, the 2020 International Operators Conference is the best opportunity to stay up to date on the critical information you need to do your job as safely and securely as possible.

From education led by industry experts to critical peer-to-peer networking, NBAA’s Maintenance Conference held in Hartford, CT from May 5 to 7, 2019, is the best place for event for ALL maintenance professionals, from directors of maintenance to maintenance technicians, to learn current best practices.

This is a can’t-miss event that will help you elevate the safety, security and service aspects of your operations. Through interactive education sessions and critical peer-to-peer networking, you’ll walk away from this three-day event with immediate actionable items to take back to your team.

2020 EBACE International Aircraft Transactions Seminar [event-description-callout]COMING SOON: Information for the 2020 EBACE International Aircraft Transactions Seminar will be available soon. Check back in the...

NBAA’s Houston Regional Forum will bring current and prospective business aircraft owners, operators, manufacturers, customers and other industry personnel together for a one-day event on March 14, 2019, at William P. Hobby Airport (HOU).

NBAA’s White Plains Regional Forum will bring current and prospective business aircraft owners, operators, manufacturers, customers and other industry personnel together for a one-day event on June 6, 2019 at Westchester County Airport (HPN).

From regional reviews to customs updates, the 2020 International Operators Conference is the best opportunity to stay up to date on the critical information you need to do your job as safely and securely as possible.

2020 EBACE International Aircraft Transactions Seminar [event-description-callout]COMING SOON: Information for the 2020 EBACE International Aircraft Transactions Seminar will be available soon. Check back in the...

2020 European Business Aviation Convention & Exhibition (EBACE2020) [event-description-callout]COMING SOON: Information for the 2020 European Business Aviation Convention & Exhibition will be available soon. Check...

Thousands of business leaders, government officials, manufacturers, flight department personnel and all manner of people involved in nearly every aspect of business aviation will meet to conduct business and make buying decisions for the year ahead.

From regional reviews to customs updates, the 2020 International Operators Conference is the best opportunity to stay up to date on the critical information you need to do your job as safely and securely as possible.

2020 EBACE International Aircraft Transactions Seminar [event-description-callout]COMING SOON: Information for the 2020 EBACE International Aircraft Transactions Seminar will be available soon. Check back in the...

2020 European Business Aviation Convention & Exhibition (EBACE2020) [event-description-callout]COMING SOON: Information for the 2020 European Business Aviation Convention & Exhibition will be available soon. Check...

Thousands of business leaders, government officials, manufacturers, flight department personnel and all manner of people involved in nearly every aspect of business aviation will meet to conduct business and make buying decisions for the year ahead.

Fractional Ownership

Background & Rulemaking

Fractional ownership operations began in 1986 with the creation of a program that offered aircraft owners increased flexibility in the ownership and operation of aircraft. This program used current aircraft acquisition concepts, including shared or joint aircraft ownership, and provided for the management of the aircraft by an aircraft management company.

The aircraft owners participating in the program agreed not only to share their own aircraft with others having a shared interest in that aircraft, but also to lease their aircraft to other owners in the program (dry lease exchange program). The aircraft owners used the common management company to provide aviation management services including maintenance of the aircraft, pilot training and assignment, and administration of the leasing of the aircraft among the owners.

During the 1990’s the growth of fractional ownership programs was substantial and this growth is expected to continue. As these programs grew in size, complexity and number, there was considerable controversy within the aviation community as to their appropriate regulatory structure. Additionally, the FAA had evolving concerns regarding issues of accountability and responsibility for compliance (operational control).

The FAA created the Fractional Ownership Aviation Rulemaking Committee through an order dated October 6, 1999. The objective of the FOARC was to “propose such revisions to the Federal Aviation Regulations and associated guidance material as may be appropriate with respect to fractional ownership programs.” On February 23, 2000, the FOARC presented its recommendations to the FAA in the format of a Notice of Proposed Rulemaking.

News

Amidst a turbulent economy, the nation’s fractional jet market has made a turn toward what appears to be a period of sustained growth, according to several sources. A continuing focus on “value” has been key in driving that growth, and fractional operators have been responding with a variety of programs and add-on benefits to enhance the value proposition of the fractional model for business aircraft use. Learn more.

Regulatory History

FAA Amends Regulatory Compliance Date for Fractional Operations

On December 14, 2004 the FAA issued a notice that corrects the date by which all fractional operations must be in compliance with FAR Part 91, Subpart K. NBAA was expecting the correction that changes an incorrect December 17, 2004, compliance date to February 17, 2005. All fractional operations will be in compliance with the new rule by the February 2005 deadline.

The FAA created the Fractional Ownership Aviation Rulemaking Committee through an order dated October 6, 1999. The objective of the FOARC was to “propose such revisions to the Federal Aviation Regulations and associated guidance material as may be appropriate with respect to fractional ownership programs.” On February 23, 2000, the FOARC presented its recommendations to the FAA in the format of a Notice of Proposed Rulemaking. More.

Related Links

Founded in 1947 and based in Washington, DC, the National Business Aviation Association (NBAA) is the leading organization for companies that rely on general aviation aircraft to help make their businesses more efficient, productive and successful.